In compliance with the provisions of Regulation 30(2) read with Schedule III and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mahindra & Mahindra Financial Services has informed that basis the successful bidding done at the BSE Bond-EBP Platform, the Committee of Directors have today approved the allotment of 1,00,000 Secured, Redeemable, Non-convertible Debentures (“NCDs”) of the face value of Rs 1,00,000 per debenture issued at a discount of Rs 99.1753 per debenture and accrued interest of Rs 1,014.3443 per debenture, aggregating to subscription amount of Rs 1009,15,16,900, on private placement basis to the identified investors. The said NCDs have been issued at a Fixed Coupon of 8.25% p.a. with effective yield (XIRR) at 8.28% and are proposed to be listed on the Wholesale Debt Market Segment of BSE. The meeting of the Committee of Directors to approve the said allotment was held today, 14th March 2024 which commenced at 11:45 am (IST) and concluded at 12:00 pm (IST). This intimation is also being uploaded on the Company’s website at https://www.mahindrafinance.com/investor-relations/regulatory-filings.
The above information is a part of company’s filings submitted to BSE.
